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tv   [untitled]    December 1, 2012 3:00am-3:30am EST

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kuwait divided the opposition pledges a boycott of the parliamentary vote while mass protests lamma decree limiting voters' rights. over one hundred thousand protesters rallied in egypt angry at a hastily pushed through draft constitution which many see as discriminatory. and israel's rush to approve of new settler homes is seen as a step back for the peace talks a day after the palestinians given no member observer status at the un. hello you're watching live from moscow the opposition in kuwait farage to boycott
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today's vote on a new parliament already the second this year it comes at a time of ongoing political unrest in the oil rich gulf state with anti-government protests denouncing a royal decree limiting voters' powers the opposition says the new rule discriminates against them and see it as corruption by the ruling monica lucy catherine off reports from cuba. that uncertainty is one way to describe the mood here in way today as the highly controversial parliamentary elections are now the opposition has refused to back down from a boycott of the voting in protest of what it sees as its foreign terry and there's opposition activists say that this is an attempt to produce a more compliant parliament that will allow the government to pass laws without appropriate oversight from the legislature thousands of feet he said taking to the streets in a largely peaceful protest or to express their frustration with the i the burden of the. well there's also concerns about
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a potential clampdown on dissent as many activists who have spoken out both against the emir and the political situation here have been jailed now we got a chance to speak to some of the protesters and here's a look at what they have to say. a problem is that the government doesn't need neither the constitution nor democracy and they always do want to talk about dialogue whenever they need a temporary alternative or want to but in practice they are defying democracy and the main problem is that since one thousand nine hundred seventy six the development of kuwait has stopped because the government started thinking of how to change the constitution and get rid of it the growth of the country and the government is unable to change the constitution or to continue with the development process as a result the situation has got to where it is now that spoke the opposition hope that i would like should result in a lower voter turnout which would in their view radically undermine the actual outcome of the elections and potentially nice and the dissolution of the most
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recent parliament we also spoke to opposition activists to say that they are going to be stationing their own observers at each of the polling stations in order to do an independent count of the voter turnout the which country has seen the mylan street battles between opposition groups and security forces which have used steer a gas stun grenades as well as rubber bullets in order to disperse the previous gatherings that western countries are of course. holds as well as the unrest here in kuwait of course as an opec member any sort of unrest on the streets is bound to have some sort of an impact on oil prices as well as the pentagon's plans to use the rich nation as a hub for its get ground forces in order to build up a countering force to the perceived threat by iran of course the wave is home to three u.s. military bases as long as that's the peace and. joy of living with all from afghanistan to flow through. all of this. is the captain of our team today
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. meanwhile protesters are rallying in egypt against what they call an oppressive regime vying to stop a new constitution seen as undermining democratic freedoms the draft was hated to be approved by and islamist dominated assembly on friday which added fuel to the political crisis sparked last week when president morsi assumed sweeping new powers generally spell true explains why protesters are opposing the draft so strongly. basically is that first of all it's drafted by islamist dominated assembly and doesn't represent egypt on top of that of course is the sharia law and i've been to it although the initial wording is actually similar to the seventy one constitution the problem is that other articles defining sharia law even open to ultra conservative interpretation in addition to that it's a human rights watch actually. had a report today that highlighted the problems of women's rights within the
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constitution in addition there are articles saying things like you cannot consult an individual which can be widely interpreted and misused and of course one of the main issues is a miniature chances the billions this is the practice is illegal under international law and when the subject of many campaigns by revolutionary forces when he's around in the constitution we expect a referendum in the next two weeks with this continuing disturbance on the streets and more protests expected really we're not sure how we should back before anything can go ahead certainly on to create the chance that i heard you were against the constitution they were also against the president morsi power grab last week when he made this contentious constitution that duration which basically awarded him supremes powers but really people are saying they don't want this constitution they want morsi actually to leave at this point. the one islam is backing the president are planning to hold a massive rally of their own on saturday comes as the opposition promises to step up protests and may also march on the presidential palace to stop him from calling
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a referendum on the draft and the gear from the egyptian current party says if the new constitution passes a referendum it would further cement these alarmist grip on power. if it gets a popular vote that means it's more or less of the constitution that we would have there's another critical mass that would allow for an amendment or there's no mechanism to propose an amendment to the constitution after it passes through the referendum which means there has to be enough change within parliament and the hands of the none is slamming parties so that they can propose such a change which seems to be a questionable with how the parliament of the previous parliament was consequent construed forty three percent of the muslim brotherhood and twenty seven percent of the salafist so even if there is a significant changes and you have a fifty fifty percent parliament of one islamic an islamic that still seems to be
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questionable you would you'd have such a change now the u.s. has criticized israel for approving settlement expansion directly after the un recognize palestine as a nonmember observer state washington says it is a step back for peace talks three thousand new settler homes have been given the go ahead in the west bank and east jerusalem less than twenty four hours after the u.n. vote well let's now talk to dr franklin lamb he's an international lawyer and political analyst thank you for your time now even israel's number one ally the u.s. is critical of this new announcement to build more settled homes what do you think israel is trying to achieve here. well i'm alive i'm not certain it was pointed out very well it's only a reaction that will sort of threatened what israel does when it's pressured is trying to get tough it's been able to get away with that militarily but
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increasingly it can no longer do it diplomatically so this action i think is are your considered is rejected everywhere and as you said even in washington where the funding for dollars are housing units and the clothes of more than one hundred percent of ones are. today is enhanced by american law in america no green lights and independent by announcing so. i think it's just a reaction to this price tag notion you don't raise a piano in the i.q. by their ears the columnists have been saying well there's a price tag i think this is a kind of a cry of price tag i will see if the americans are going to be able to stop it and certainly the international community are you know is a horrors this way to start a provocation which heroes of course a detriment to the so-called new state solution. while israel has accused the
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palestinians of seeking year after recognition and not a solution for the talks so do you think the move a two state solution. sure about having a big state yes but it is because they view it that way but look we've got to be frank what slept well here's the two state solution big good talking about that for ages it every juncture is real. command and cannot be accepted. and then he manipulated. the american people for a two state solution as do some others i'm not sure that's realistic anymore. i take one in twenty eleven when the palestinians receive membership of unesco the majority of the european states either abstained or rejected the idea but at the un vote only the czech republic gave an right no to the resolution so why has this shift happened in the european union do you think i think because the populations
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of those countries and the government officials and you know some come here. but i only go to moscow and you probably talk with a rock the tide is turning on this issue and the separation between the american and the zionist regime is rarely use widening wide going between them and their and the rest of the world class garza process our views probably convictions even though of the level of information of these crimes over past couple decades it is still wrong not to belong what is your society in mind and others in the west are going to change and people are becoming more educated so i think here are the americans and i will certainly be relieved that despite the heavy heavy lobbying remember that you know when over there you merican call all sorts of pressure on her. to stand by because they didn't do it i think it's changing changing
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times and that's what we are we witness and you know when you do ask or remember the americans car are sixty million and you know it's called what would have been the e.u. the benefit for now the international community. one of them happening now the big question is you know merican government going to cut off aid to seventeen specialized agencies of the united nations i believe going to guide the united nations organization as a sort of revenge becomes a their motto is if the palestinians are in they're going to cut funding and you know the u.s. supports all those on an average of twenty five percent of the budget so it's time for iran and what. foresters obama the obama administration to do you don't took place reality and make a choice we're at a crossroads on this issue it's going to be up to obama and the americans to decide which way they're going to go because the international community is frankly. going
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to have to leave it there i'm afraid but thank you for your thoughts that was very early in dr franklin lamb an international lawyer and political analyst. fellow nobel peace prize laureates don't believe me you deserve to stand side by side with the past winners several previous appeals to man the block is stripped of the award as its bally's don't fit with that of alfred nobel and the ones he had in mind that's ahead for you plus less closes the deal to high tech innovators from abroad despite foreigners previously spearheading the country's digital revolution this coming up after a short break. waves of corruption are rocking russia hundreds of millions of dollars very much for apec building projects and russia's got a nice sad life project
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a real estate scandal has also led to the defense minister being fired note i said fire in russia we hear a lot about corruption scandals and. the reaction is usually a firing or forced resignation and maybe that would be ok another country but russia has big dreams in a big country that has big corruption spoiling all of those dreams a country can't survive what every infrastructural or scientific project is sucked dry from within whether the government is unwilling or unable to sternly punish these offenders is a huge topic by could tell you that if there's no real fear of punishment this will just keep going on for ever perhaps it's time to put a big asterisk for high level corruption next to the moratorium on the death penalty but that's just my opinion.
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if. russia would be soon which brightened if you knew about someone from funniest impressions. whose friends totty dot com. wealthy british style. is not on. the. markets why not just come to. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. community speak to a language such. as programs and documentaries in arabic it's all
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hello welcome back now the u. doesn't deserve its nobel peace prize that is according to several former winners who are demanding the block is stripped of the year award they've written to the foundation saying the e.u. doesn't fit with the prizes values and the committee has lost its founders vision r.t. sarah firth explained it in that letter they said that the twenty seven nation blocks getting this award contradicts the values safety aided with the pricing was a once already happening is the one point two million dollar prize money not be awarded this year and they also said that the clearly not one of the champions of peace a consensus here amongst the signature even indeed among many many people when this award was announced this year with that really the awarding of the prize the european union not in the keeping of the spirit of the nobel peace prize the prize was awarded at a time when the e.u.
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is they think the biggest crisis it's face since its creation we're seeing huge social unrest and you know what a lot of people are saying is that the european union at the moment really for a lot of people. come to represent divisions within society we've seen those divisions between the rich and the plot poor between those who employed those who run employed you know the people that we've spoken to in these countries really feel very very let down the vision of the european union with about peace and democracy and that's certainly not what people feel that they're getting now the committee praised the for voting after the second world war and spreading stability to former communist countries promoting peace and stability within the e.u. you know it's not all bad the does provide a huge amount of aid a nation but i think what we've seen happening in the e.u. in the last year really has been very far from the idea of you know a peaceful. the nie we thought it would if the president obama many people feeling
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that was being awarded activities like that at some point in the future i guess very much not in keeping with the will we are talking about he got some reactions that they're going to this latest piece of information about it being contested we had an m.e.p. back in the say it's highly devious for the even fulfill the rules under which the award should be given i mean really very strong reaction for the price being awarded to. me for a project that many people feel represents the total opposite. but all the stories are on our website plus supermarket sweep a lot for you to keep in one italian shop could get you full time employment details online. and there's the mind's predicted doing these days approaching but some russian entrepreneurs are losing any time cashing in on the end of the world more on how to survive at r.t. dot com. silicon valley has long been the symbol of all things high tech in the
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united states and the rest of the world and while the majority of those who helped create the digital haven for entrepreneurs america has become increasingly reluctant to welcome new talent from abroad medina. report puts the silicon valley . lots of sharing helping each other even competitors will help each other some of the biggest brands on the planet and instantly associate it with america and surprisingly the majority were created by foreigners. jerry yang who was born in taipei surrogate britain whose parents came from russia when he was six or pierre omidyar and the rainy and born in paris silicon valley has thrived thanks largely to immigrants people who came here with their dreams and had the drive to make them a reality they transformed this plays into an unreliable for high tech development
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the birthplace of global pioneers one person who helps those outsiders to get a foot in the door is german born and how it could blend struck she says the valley moves so fast that it seems skilled foreigners springing up left frightened center that she average day and there is a simple reason such success is coming their way so many of the of the indians and chinese that come in the others they make these great companies and then they hire people so they are really giving work and i think they're hungry their words they want to succeed they're driven the valley's biggest rice came with the boom and ignorance in the ninety's that brought innovations in software and internet services the numbers speak for themselves just over half of the companies found it in silicon valley from the mid ninety's to the mid two thousand had founders born abroad believe this research says the reason to one foreign born inventor behind three quarters after a new page and and like for many others getting impatient for
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a start up is what brought julia to palo alto from project to school smart wall and works is a messaging tool for those who want to avoid social networks most of the people that are that i see are foreigners and also there are a lot of americans that are not from here so they're also coming it's it's not a matter of nationality here is a matter of the real skills that you have but there are some clouds on the california sky currently over half of foreign born inventiveness face visa hurdles the end. knowing economic recession has brought deep fears of home and much needed jobs going into hands that have come from brought me new hard for many to understand that foreigners can actually bring benefits to times when america so desperately needs them and i think that's something that white america doesn't get they don't understand why. because they don't because i think that
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a lot of their fears are still though they're taking our jobs away american prides itself on being a melting pot the country where thousands marked for a better life but u.s. immigration policy may put an end to all that i do not question r.t. but take a look at some other international news and i warn you we're about to show images that contain very graphic content syrian rebels have reportedly uploaded a video showing them executing ten unarmed men prisoners acing pleading for their lives before being shot one of the gunmen is actually her referencing now qaeda linked group responsible for several suicide attacks in the country pro-government forces have meanwhile been fighting the damascus airport which disrupted flights while a large scale internet and telecommunications blackout in the country is now into its third day meanwhile nato of opened a military base in neighboring turkey in the western province of izmir the command center were a place where the headquarters in germany in spain as the airlines trims costs the
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organization is also evaluating a request to deploy a patriot missile system along the border with syria and korea claims the movies for defensive purposes only while many see it as the first step towards creating a no fly zone. and up next it is capital account with a long list. it was not the military as army announced today it signed a new contract with a unit of the huge contracting. it was not the operation to secure and rebuild the
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devastated country caliber company taxpayers for its contract work in iraq. it was the campaign for making billions of dollars. on reasonable and ordered bills exceed one billion dollars iraq first sale. or profiteers. will. science technology innovation all the least a moments from around russia we've got the future covered. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are today.
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and realized. welcome to the big picture.
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good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this.
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why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account.
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bubbles are often thought of as detrimental to an economy and health needless to say but what if in reality of progress cannot happen without bubbles and with the u.s. economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and the state first thank you so much for being on the show. very good to be here we're going to have you because you have said and i would definitely agree that bubbles have received bad press whether we're talking about
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the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now well the first thing as you've said is the bubbles or boringly common where ever there is a active trading liquid market in the us from tulip bulbs to real estate by way of gold and silver mines in the new countries there will be speculative as bull runs collapses they are boring but every once in a while the object of speculation over some two hundred fifty years has been one of those transformational technologies that change everything that surely one capital is to apply.

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